Add-on Acquisition • Real Estate

DTZ Holdings Acquires Cushman & Wakefield

On May 11, 2015, DTZ Holdings acquired real estate company Cushman & Wakefield from Exor for 2.0B USD

Acquisition Context
  • This is DTZ Holdings’ 2nd transaction in the Real Estate sector.
  • This is DTZ Holdings’ largest (disclosed) transaction.
  • This is DTZ Holdings’ 2nd transaction in the United States.
  • This is DTZ Holdings’ 1st transaction in New York.

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M&A Deal Summary

Date May 11, 2015
Target Cushman & Wakefield
Sector Real Estate
Buyer(s) DTZ Holdings
Sellers(s) Exor
Deal Type Add-on Acquisition
Deal Value 2.0B USD

Target Company

Cushman & Wakefield

New York, New York, United States
Cushman & Wakefield, Inc. is a real estate company providing brokerage, property management, and other services.
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Buyer Overview 1

Buyer

DTZ Holdings

London, United Kingdom

Category Company
Founded 1784
Sector Real Estate
Employees4,727
DESCRIPTION

DTZ Holdings is a provider of property services. DTZ provides occupiers and investors with end to end property solutions comprised of leasing agency and brokerage, integrated property and facilities management, capital markets, investment and asset management, valuation, building consultancy and project management. DTZ Holdings was founded in 1784 and is based in London, United Kingdom.


Deal Context for Buyer #
Overall 2 of 2
Sector: Real Estate 2 of 2
Type: Add-on Acquisition 2 of 2
State: New York 1 of 1
Country: United States 2 of 2
Year: 2015 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-22 Cassidy Turley

Washington, District of Columbia, United States

Cassidy Turley is a commercial real estate services provider with more than 4,000 professionals in more than 60 offices nationwide.

Buy -

Seller Profile 1

SELLER

Exor

Amsterdam, Netherlands

Category Company
Founded 1899
Sector Diversified
Employees23
Revenue 15.2B EUR (2024)
DESCRIPTION

Exor is a diversified holding company that is controlled by the Italian Agnelli family. The Company was originally established in 1899 and looks to acquire stakes in a variety of European companies and assets. Exor was incorporated in 1899 and is based in Amsterdam, Netherlands.


Deal Context for Seller #
Overall 1 of 2
Sector: Real Estate 1 of 2
Type: Add-on Acquisition 1 of 1
State: New York 1 of 1
Country: United States 1 of 1
Year: 2015 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-01 Juventus Football Club

Turin, Italy

Juventus Football Club operates as a professional football club. Its activities include participation in national and international football competitions; and the organization of matches. Juventus Football Club was founded in 1897 and is based in Turin, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-03 PartnerRe

Pembroke, Bermuda

PartnerRe Ltd. is a provider of risk-assumption solutions for the global insurance and capital markets. It provides insurance companies with multiple lines of reinsurance property & casualty, catastrophe, specialty lines, life, and alternative risk transfer through our offices around the world.

Buy $6.9B